Almondz Global Securities to Leverage Ethanol Policy Expansion

Almondz Global Securities Limited (AGSL) is poised to benefit from the Indian government's new ethanol policy, which includes excise duty exemptions for E22-E30 blended petrol and the launch of E85 fuel. Through its Special Purpose Vehicle (SPV), Premier Green Innovations Private Limited (PGIPL), AGSL aims to increase its participation in the growing ethanol market. PGIPL, with existing operations in Himachal Pradesh and Odisha, is a significant ethanol producer. The policy aims to boost energy security, reduce import dependence, lower emissions, and promote rural economic growth. PGIPL's manufacturing facilities in Himachal Pradesh (285 KLPD) and Odisha (200 KLPD) are equipped with Zero Liquid Discharge (ZLD) infrastructure, aligning with sustainable practices.